Where Latinos Get Funding
An online resource for Latino business owners that provides an overview of the different kinds of financing, a list of capital providers, especially those that are focused on funding Latino entrepreneurs, and other resources to support Latino companies in raising funds.
An Initiative of the Aspen Institute’s Forum on Latino Business Growth; Hosted by Next Wave Impact
(This is a work in progress. Please send resources to include to info@nextwaveimpact.com)
For some Latino business owners, a lack of knowledge about the various sources of available financing may be preventing them from accessing the capital they need to scale. The goal of this initiative is to create an interactive, online business support site where Latino entrepreneurs can access objective, aggregated information about capital options and providers (debt, equity, and alternatives) and assess which choices are the best fit for the size and stage of their company. We hope this resource will make it easier to identify possible funding sources.
Company Categories by Target Revenue Size (not current revenue):
. . . $1 million to $3 million in revenue = Rabbit
. . . $3 million to $10 million in revenue = Zebra
. . . $10 million to $100 million in revenue = Gazelle
. . . $100 million to $1 billion or more in revenue = Unicorn
Debt:
Financial Institutions:
- Large Commercial Banks
- Small Commercial Banks
- Credit Unions
- Community Development Financial Institutions (CDFIs)
- Small Business Administration Loans (7a program,SBIC Program)
Online Lenders:
| Camino Financial | https://www.caminofinancial.com/ |
| OnDeck | https://www.ondeck.com/ |
| Prosper | www.prosper.com |
| Lending Club | www.lendingclub.com |
| Kabbage | www.kabbage.com |
Specialized Debt Funds:
| iFund Women | https://ifundwomen.com/ |
| Kiva US | https://www.kiva.org/borrow |
| SheEO | https://sheeo.world/ |
| Small Business Community Capital | https://www.sbccfund.com/ |
Equity
Angel Investors
| Astia | www.astia.com |
| Golden Seeds | https://goldenseeds.com/ |
| Pipeline Angels | www.pipelineangels.com |
| Social Venture Circle | https://www.svcimpact.org |
Venture Capital Funds
Private Equity Firms
Small Business Community Capital: https://www.sbccfund.com/
Alternatives:
Revenue Based Financing
| Earnest Capital | https://earnestcapital.com/ |
| Indie VC | https://www.indie.vc/ |
| Lighter Capital | https://www.lightercapital.com/ |
| Founders First Capital Partners | https://foundersfirstcapitalpartners.com/ |
Accelerators
| Hillman Accelerator | https://hill7.org/ |
| Upstart | https://upstartlab.org/ |
| digitalundivided (DID) | https://www.digitalundivided.com/ |
| Camelback Ventures | http://www.camelbackventures.com |
| E Para Todos | https://eforall.org/es/ |
The Guayacán Venture Accelerator (GVA) is the only executive development program offered in Puerto Rico designed to rapidly propel the growth of existing companies.
Advising/Education/Mentoring:
| Black & Brown Founders | https://blackandbrownfounders.com/ |
| Suazo Center | https://suazocenter.org/ |
| VC Include | https://www.vcinclude.com/ |
Other non-dilutive funding:
Rewards Based Crowdfunding:
Grants:
SBIR
Press Releases:
Other Resources:
- From FinHabits: Online Bootcamp: Spanish Online Bootcamp to Scale Your Business
- From HelloAlice: The Best 2020 Events for Latinx and Hispanic Business Owners
- Fundera, the online financial resource for small business owners, features a description of small business loans, grants, and other financial resources it recommends for Latino entrepreneurs. The site also features an interactive tool that guides users toward a series of tailored business loan options.
- Camino Financial is an online lending web site that helps small business owners who are first-time borrowers or who are having a hard time getting a loan connect with banks and other lenders. The resource helps Latino entrepreneurs qualify for more affordable loans while offering advice and ongoing credit monitoring to help sustain their business.
- The Latino Business Chamber of Commerce of Greater Los Angeles (LBC) offers a variety of resources and programs—including educational workshops, professional consulting, and procurement opportunities—aimed at building the capacity of Latino-owned businesses.
- Inclusive Capital Report and database from Village Capital https://inclusive-capital.vilcap.com/
- Diversity in VC Reports from Harlem Capital, including: Power 200: Black & Latinx Venture Capitalists You Should Know